Introduction
Background: The purpose of this report is to persuade the client, Professor Clifford Keevan, to invest in a Pet Supplies Plus franchise, rather than to establish his own pet store. Since the client has no experience with designing pet products or running his own business, it would seem foolish for him to disregard the business entity choice of a franchise. As the client’s financial advisor, it is my responsibility to inform him of the general opportunities and challenges associated with franchising. Due to the continual economic expansion of the pet industry, I do not discourage the client from investing within the pet industry. Since Pet Supplies Plus, an alternative pet retailer, is expanding faster than the “traditional” pet store distributors like PetSmart or Petco, I am inclined to suggest this establishment to the
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One of the best advantages of becoming a franchisee is that one can own his own business without having to experience the failure that is prevalent with startups. In addition, a franchisor provides an entrepreneur with a successful business plan and a name that is recognized by consumers. As a result, the franchisor will normally provide the franchisee with the necessary training to help the overall business to succeed. Since Professor Keevan has no prior experience with running a business, the benefits he would derive from owning a franchise are quite obvious. While the startup costs to obtain some franchises can be quite excessive, some franchisors do offer in-house lending to their franchisees. This means that franchisees will not have the burden of seeking out third-party lenders to cover their startup expenses (Bach). Depending on the startup costs associated with acquiring a Pet Supplies Plus franchise, this could be useful for Professor Keevan to financially obtain a
Moore, L 1997, The Flight to Franchising, US News & World Report. June 10, pp. 78-81.
The Greek word for gymno is “naked” or “bare”, and the word for gyps means “vulture”. The California condor is a bare-headed vulture.
The new concept focus was on the service side of the industry with pet grooming, pet hotel, and training. The pet hotel concept has continued to allow profits continued to growth. The external competition for the Pet Stores industry is expected to remain constant. Offering more innovative, specialized, and premium products and services, pet stores have been able to cash in on pet owners’ desires to pamper their pets.
Meta Description: Modifying your pet’s behavior can be challenging, but it can be accomplished. Here’s a quick rundown of techniques that work and how to avoid mistakes.
Demand for Panera franchising opportunities was very high, which allowed Panera to be picky about where and with whom they would do business. Panera determined where bakery-café locations could be. The franchisees bore the cost of opening new locations, and were required to obtain their ingredients from the home company. Expansion using the franchise model provided many upside benefits for Panera, while limiting the downside r...
Another strength is Burger King’s franchise development having 90% of its restaurants franchised. The franchise concept allowed the company to grow with minimal capital expenditure and receive royalties and fees. Burger King went above and beyond and created a new model of its restaurant to attract mo...
The Beneficial Use of Pet Portals for Veterinary Clients The veterinary field has advanced over the years with more people having family pets along with medical enhancements within the field. In turn, technological advances have also been made. Human medicine has used patient portals so that people can have easy access to their medical records.
Not having to answer to a corporate boss is the dream of many and the flexibility that owning a business franchise creates provides this option. Success is not reached by simply creating a business, however. The level of success is measured by the size and efficiency of the business. Business growth is the driving force of the economy. The additional jobs and revenues created when a business expands allow the economy to grow at exponential rates. One of the fastest and most popular ways to increase the size of a business is to turn it into a franchise, which can then be purchased by individuals. Franchising provides opportunities that are beneficial to both the parent company and the purchaser. The company that owns the business can expand without having to pay such a large initial cost to open a new store since the franchise purchaser pays a cost to open the business. As well, the company can regulate many of the business activities so that there is a sense of consistency throughout all of the locations. The purchaser is allowed to use the trademarks and goods of the franchise which already have a large market presence. As well, they are provided with training and work standards by the company to help their business run smoothly (Kalnins & Lafontaine, 2004, p.761). Looking at the business model of the world’s largest food retailer, McDonald’s, provides great insight into franchising and business growth in general as well a better understanding of a global business that utilizes the franchising technique.
Occasionally your dog might need a bath to be given at home and it is essential you buy an appropriate grooming tub for that purpose. There are many types of grooming tubs with lots of features in-built in it to make the job of grooming, easy. You should know the different types of dog grooming tubs and how they benefit you and your dog in grooming.
Pets can be cool and all, but they can be a lot to handle at times. Especially if you own a Exotic pet. Exotic pets can range from monkeys all the way to lions. Some of the problems of owning a Exotic pet are that they can cost a lot of money to raise, when they are older they can have a higher chance of harming you, or that it takes a longer time to take care of than a regular pet like a dog or a cat. If you want to own an Exotic pet, go ahead, but know they will take hours out of your life.
Manufacturing Franchise: These types of franchises provide an organization with the right to manufacture a product and sell it to the public, using the franchisor’s name and trademark. This type of franchise if found most often in the food and beverage industry. Most bottlers of soft drinks receive a franchise from a company and must use its ingredients to produce, bottle, and distribute the soft drinks.
For my service project, I became a vegetarian for one month, and volunteered at the Humane Society of Utah, an animal shelter located in Murray. First off, becoming a vegetarian was much harder for me than I thought it was going to be. Prior to this project, I hadn't really noticed just how much meat my family was actually eating, so cutting it out my diet was somewhat difficult. For the first week or so my family was pretty helpful, and they ate and aided me in cooking my dinner almost every night. Nonetheless, after a while they got sort of tired of it, and ate vegetarian meals with me less and less often.
Making the decision to open your own business is a major life event. Starting a new venture can be exciting as well as rewarding. The first step to becoming a business owner is choosing the type of business you would like to run. This business can be something that you have wanted to start up yourself or you can go with an established franchise. Are you willing to share the profits in exchange for the relative safety of a franchise or would you prefer the risk and rewards of pursuing your own vision? Franchising is a continuing relationship wherein a franchisor provides a licensed privilege to the franchisee to do business and offer assistance in organizing, training, merchandising, marketing and managing in return for a monetary consideration
The first step in any business is to think of or create a business idea. Without an idea, one cannot launch their business off the ground. A right direction is needed to create a business with a unique idea. However, other options include franchising or buying an existing business (1). Franchising allows an individual to run stores such as Burger King or McDonalds under the corporate name. It involves taking training classes and a heap of money in order to start a franchise. A Franchisee will have to buy products and services from the corporate entity they are franchising from, which is often required. Buying a franchise is like taking a piece of the pie from the company that is franchising and sharing that pie with everybody else. In addition having a franchise allows one to communicate and in essence become a big part of an added business opportunity (4). Franchising is far from easy to start and maintain for that matter. Starting a franchise involves a l...
A franchise is simply investing money in a location or store, and then having the store become your own business after learning how to manage the entire business. You earn the majority of the profits, and you also don't have to worry about operations. You'll be taught by the company on how it run the entire business, and this is the reason why this is a huge and very easy way to become rich. Franchises require quite a hefty investment depending on the business you plan to buy. However, if the business is in high demand, there is profits to be made. Take for exMple the Cold Stone Creamery business. Countless people purchase one of their many franchises. The money is very good, the opportunities are endless, and the fact that there is no more need for advertising is what makes this more worth the investment in the long